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SSEPF3 The student will explain the changes in in monetary and fiscal policy can have an impact on an individuals spending and saving choices.
a. Give examples of who benefits and who loses from inflation
b. Define progressive, regressive, and proportional taxes
c. Explain how an increase in sales tax affects different income groups
Links used in class:
Crash Course in Economics
U.S. Inflation Calculator
Price Comparison over the last 70 years
Flat tax
Regressive Tax
Progressive Tax
For some in middle class, President Trump's tax plan would mean a tax increase
Crash Course in Economics - Taxes
Files used in class:
Assessment 5 preview.pdf
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SSEPF3 The student will explain the changes in in monetary and fiscal policy can have an impact on an individuals spending and saving choices.
a. Give examples of who benefits and who loses from inflation
b. Define progressive, regressive, and proportional taxes
c. Explain how an increase in sales tax affects different income groups
Links used in class:
Crash Course in Economics
U.S. Inflation Calculator
Price Comparison over the last 70 years
Flat tax
Regressive Tax
Progressive Tax
For some in middle class, President Trump's tax plan would mean a tax increase
Crash Course in Economics - Taxes
Files used in class: